DraftKings
2 September closing: $47.91
30 September closing: $37.40
Peak September closing: $47.91
DraftKings market cap was reduced by around $2bn on 30 September, with a sell-off coming after a record weekend in NFL volume for Kalshi. The prediction market also quietly rolled out same game parlays ahead of the Monday Night Football games, giving investors a scare. DraftKings’ shares had declined throughout the month, but the mass sell-off has seen Northland Securities downgrade DraftKings from ‘outperform’ to an ‘underperform’ and set a target price of $33 on the stock.
On the stock sell-off, Citizens’ analyst Jordan Bender did note that DraftKings and Flutter shares tend to dip on Mondays post-NFL.
Bender wrote: “Volume for sports contracts is hitting all-time highs. Kalshi launched its first-ever sports betting combo (parlays) product last night and Robinhood prediction volumes were impressive, all contributing to the decline in online gaming shares.”
Flutter Entertainment
2 September closing: $299
30 September closing: $254
Peak September closing: $299
FanDuel parent company Flutter was also caught up in the sell-off that impacted DraftKings, with around $5bn in value being wiped. Shares were down more than 10% on 30 September and are down 14% for the month. Citizens has put a target price of $340 on the stock and retained an ‘outperform’ rating.
Over in the UK, concerns over potential tax hikes are also abound after Chancellor Rachel Reeves told ITV that gambling companies need to “pay their fair share”. Think tanks have suggested raising remote gaming duty from 21% up to 50%, while general betting duty would be upped from 15% to 30%. Reeves has yet to decide on the rates, but will make an announcement in line with her Autumn Budget in November.
Playtech
1 September closing: 408.50p
30 September closing: 369p
Peak September closing: 412p
With the London-listed supplier now firmly in its new iteration as a B2B-focused firm having disposed of Snaitech and HAPPYBET, its H1 2025 results posted in mid-September included profit of €1.6bn. This was driven by the sale of Snaitech to Flutter, but revenue was down 9.9%. CEO Mor Weizer told EGR this was a “one off”. The market responded with a sell-off, as Playtech’s shares peaked at 412p on the day of the results being announced. By the 12 September, the stock was down to 383.50p.
A slow dip continued, before the company announced the commencement of its €50m share buyback programme on 25 September. This helped boost the stock, although the shares are down more than 11% since the start of September.
Super Group
2 September closing: $11.03
30 September closing: $13.20
Peak September closing: $13.59
Super Group’s shares rose by more than a fifth in September as the Betway and Spin parent company hosted its Investor Day on 18 September. And while the four-hour deep dive into the business lifted the lid on several strategic plays, the market did not react positively on the day. Instead, shares slipped to $11.69 before rebounding to $12.86 the following Monday. An upwards curve continued, putting the business in a more comfortable position.
The Investor Day gave insight into the operator’s dominance in Africa, which some analysts have suggested is a key differentiator for the business among its other US-listed peers. Gold medal positions across a slew of markets are key, while exits from several European jurisdictions to focus resources elsewhere have been well-received. BTIG has set the price target for the stock at $19.
Rush Street Interactive
2 September closing: $21.39
30 September closing: $20.48
Peak September closing: $22.53
Another victim of the 30 October sell-off following the Kalshi news, Rush Street Interactive (RSI) suffered a 5% share price decline during September. Solidified in the chasing pack of brands in the US, RSI’s shares peaked at $22.53, which wasn’t far behind its 52-week high of $22.65.
The RushBet parent company added ex-Warner Bros head Shubham Tyagi as its new chief technology officer at the start of September. CEO Richard Schwartz said: “Shubham stood out not only for his experience and expertise, but also for his ability to build trust, drive alignment and scale platforms that serve millions of customers around the world.”
The post Stocks Tracker: Wake me up when September ends first appeared on EGR Intel.
EGR analyses the share price movements of major industry players in September, including DraftKings Super Group and Flutter
The post Stocks Tracker: Wake me up when September ends first appeared on EGR Intel.